Burling Wealth Partners LLC Raises Stock Position in The TJX Companies, Inc. $TJX

Burling Wealth Partners LLC lifted its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 16.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 41,310 shares of the apparel and home fashions retailer’s stock after purchasing an additional 5,969 shares during the quarter. TJX Companies comprises about 1.0% of Burling Wealth Partners LLC’s holdings, making the stock its 27th biggest holding. Burling Wealth Partners LLC’s holdings in TJX Companies were worth $5,971,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. King Luther Capital Management Corp boosted its position in TJX Companies by 2.1% in the 3rd quarter. King Luther Capital Management Corp now owns 65,276 shares of the apparel and home fashions retailer’s stock valued at $9,435,000 after buying an additional 1,362 shares during the period. Avestar Capital LLC raised its stake in shares of TJX Companies by 12.5% in the third quarter. Avestar Capital LLC now owns 28,042 shares of the apparel and home fashions retailer’s stock valued at $4,053,000 after acquiring an additional 3,112 shares in the last quarter. Harold Davidson & Associates Inc. raised its stake in shares of TJX Companies by 25.4% in the third quarter. Harold Davidson & Associates Inc. now owns 32,720 shares of the apparel and home fashions retailer’s stock valued at $4,729,000 after acquiring an additional 6,629 shares in the last quarter. L & S Advisors Inc purchased a new position in TJX Companies in the third quarter valued at $7,479,000. Finally, Synovus Financial Corp grew its stake in TJX Companies by 3.0% during the 3rd quarter. Synovus Financial Corp now owns 122,486 shares of the apparel and home fashions retailer’s stock worth $17,705,000 after purchasing an additional 3,526 shares in the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.

TJX Companies Stock Up 0.2%

Shares of NYSE:TJX opened at $157.27 on Thursday. The firm has a 50 day simple moving average of $154.56 and a 200-day simple moving average of $146.40. The TJX Companies, Inc. has a twelve month low of $112.10 and a twelve month high of $159.48. The company has a current ratio of 1.09, a quick ratio of 0.43 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $174.64 billion, a PE ratio of 34.72, a P/E/G ratio of 3.00 and a beta of 0.74.

TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, November 19th. The apparel and home fashions retailer reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.22 by $0.06. The business had revenue of $15.12 billion for the quarter, compared to analysts’ expectations of $14.80 billion. TJX Companies had a return on equity of 58.30% and a net margin of 8.68%.The business’s revenue was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.14 earnings per share. On average, equities analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 5th. Investors of record on Thursday, February 12th will be issued a dividend of $0.425 per share. The ex-dividend date of this dividend is Thursday, February 12th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.1%. TJX Companies’s dividend payout ratio (DPR) is currently 37.53%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on TJX. Evercore increased their price target on TJX Companies from $162.00 to $165.00 and gave the company an “outperform” rating in a research report on Thursday, November 20th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $170.00 target price on shares of TJX Companies in a report on Wednesday. Sanford C. Bernstein reiterated an “outperform” rating and issued a $170.00 price target on shares of TJX Companies in a research note on Tuesday, January 6th. UBS Group reiterated a “buy” rating and set a $193.00 price target (up previously from $181.00) on shares of TJX Companies in a report on Thursday, January 8th. Finally, Morgan Stanley restated an “overweight” rating and issued a $162.00 price objective (up from $159.00) on shares of TJX Companies in a report on Thursday, November 20th. Two equities research analysts have rated the stock with a Strong Buy rating and twenty-two have issued a Buy rating to the company’s stock. According to data from MarketBeat.com, TJX Companies currently has a consensus rating of “Buy” and an average target price of $163.86.

Insider Activity

In other news, Director Amy B. Lane sold 500 shares of the business’s stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $151.40, for a total value of $75,700.00. Following the transaction, the director owned 22,212 shares of the company’s stock, valued at approximately $3,362,896.80. The trade was a 2.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Ernie Herrman sold 24,363 shares of the stock in a transaction on Friday, November 21st. The stock was sold at an average price of $151.31, for a total value of $3,686,365.53. Following the sale, the chief executive officer directly owned 510,780 shares of the company’s stock, valued at approximately $77,286,121.80. This represents a 4.55% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.13% of the company’s stock.

TJX Companies Profile

TJX Companies, Inc is a leading off-price retailer of apparel, footwear, home fashions and other consumer goods. The company operates multiple retail concepts that offer discounted brand-name and designer merchandise, including well-known banners such as T.J. Maxx and Marshalls in the United States, HomeGoods for home furnishings, TK Maxx in parts of Europe, and Winners and Homesense in Canada. Merchandise categories span women’s, men’s and children’s apparel, accessories, beauty, home décor, kitchenware and small furniture, with frequent changes in assortment that create a “treasure-hunt” shopping experience for consumers.

The company’s business model centers on opportunistic buying, purchasing excess, irregular or out-of-season inventory from manufacturers, department stores and other suppliers, and passing savings to customers through lower prices.